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question 5

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Refer to the following graph to answer the question: Refer to the following graph to answer the question:   Suppose price rises from $90 to $110.Using representative arrows,the quantity effect is a relatively ________ (short,long) arrow pointing _______ (upward,downward) . A) short; upward B) short; downward C) long; upward D) long; downward Suppose price rises from $90 to $110.Using representative arrows,the quantity effect is a relatively ________ (short,long) arrow pointing _______ (upward,downward) .


Definitions:

Derivative Action

A lawsuit brought by a company shareholder against company directors, officers, or others for misconduct.

Rectification Action

A legal process aimed at correcting a mistake in a document to reflect the true intention of the parties involved.

Dissolution Action

A legal process aimed at terminating a business, marriage, or other formal relationships, according to the governing laws.

Ultra Vires Act

An action taken by a corporation or government body that lies beyond the powers granted to it by law or under its own articles of incorporation or constitution.

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